Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross … presented in Stevenson and Wolfers (2008, BROOKINGS PAP ECO AC), we now count three exceptions supporting Easterlin s happiness-income …

In this paper we look at the relationship between health and income as mediated by "lifestyle" choices; that is, a set … that there are substantial differences between the permanent and transitory income determinants - also in terms of the … direction of the effects. Moreover, we find that income effects often differ significantly in size and sometimes sign according …

In a simple 2-period model of relative income under uncertainty, higher comparison income for the younger cohort can … signal higher or lower expected lifetime relative income, and hence either increase or decrease well-being. With data from … comparison income on life satisfaction with all age groups, and many controls. However when we split the West German sample by …

Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over … from lowest to highest LS, though their average income was always higher. In spite of rapid income growth up to 2008 …/09, the less educated showed no rise in LS, while highly educated LS rose after the crash despite declining real income. In …

Trends in real national income are typically assessed using aggregate indicators such as GDP per capita, or mean … household income, whereas the income distribution literature focuses on trends in income inequality. By contrast this paper … takes an integrated approach to real national income measurement; it uses methods incorporating both size and distributional …

income losses. The main objective of this study is to examine the impact of various coping strategies, due to the lockdown …

impact on consumption smoothing, by reducing the sensitivity of idiosyncratic consumption to idiosyncratic income, both in … of the positive impact of social capital on insurance opportunities are derived from an income smoothing exercise, as …

income than to rises of the same size. Household balance sheet characteristics (including the presence of a savings buffer …), concerns about credit market access and higher subjective risk of lower future income account for a sizable share of this …

propensity to insure against independent marketable risks. We apply these predictions to the specific case of labor income risk … and car insurance using data from the UK. The main empirical results are: -higher labor income risk induces a higher … demand for car insurance. -the effects of increases in labor income risk after 1979 seem to be more than offset by a more …

propensity to insure against independent marketable risks. We apply these predictions to the specific case of labor income risk … and car insurance using data from the UK. The main empirical results are: - higher labor income risk induces a higher … demand for car insurance. - the effects of increases in labor income risk after 1979 seem to be more than offset by a more …